Description

Introduction
This training is designed to provide professionals with in-depth knowledge and hands-on experience in Dynamics 365 Project Management & Accounting (PMA). Participants will learn to manage the complete project lifecycle, optimize budgeting processes, and efficiently handle revenue management using D365 PMA. The course combines theoretical concepts with practical exercises to ensure mastery of project accounting workflows, cost control, and financial reporting.

Prerequisites

• Basic understanding of accounting and finance principles

• Familiarity with Microsoft Dynamics 365 environment

• Basic knowledge of project management concepts

• Experience with Excel and data entry operations is beneficial

Table of Contents

1. Introduction to Dynamics 365 PMA
1.1 Overview of Dynamics 365 PMA Modules
1.2 Key Features and Benefits for Project Accounting
1.3 Understanding the Project Lifecycle in D365

2. Project Setup and Management
2.1 Creating and Configuring Projects
2.2 Defining Project Contracts, Categories, and Cost Codes
2.3 Resource Assignment and Planning
2.4 Managing Project Tasks and Timelines

3. Budgeting and Cost Control
3.1 Setting Up Project Budgets
3.2 Tracking Actual Costs vs. Budgeted Costs
3.3 Cost Allocation and Forecasting
3.4 Handling Budget Adjustments and Approvals

4. Revenue Management
4.1 Setting Up Revenue Recognition Rules
4.2 Billing Methods: Time & Material, Fixed-Price, and Milestone
4.3 Generating Invoices and Managing Receivables
4.4 Revenue Reporting and Analysis

5. Project Accounting and Financial Reporting
5.1 Understanding General Ledger Integration
5.2 Project Journals and Ledger Entries
5.3 Financial Statements for Projects
5.4 Key KPIs and Project Profitability Analysis

6. Advanced PMA Features
6.1 Change Management and Variance Analysis
6.2 Handling Multi-Currency and Multi-Company Projects
6.3 Resource Utilization and Optimization
6.4 Integration with Other D365 Modules

7. Best Practices and Real-World Scenarios
7.1 Project Accounting Compliance and Controls
7.2 Case Studies: Budgeting and Revenue Challenges
7.3 Tips for Streamlining PMA Processes
7.4 Common Pitfalls and How to Avoid Them

By completing this course, participants will gain mastery over the Dynamics 365 PMA system, enabling them to manage projects efficiently from initiation to closure. They will be equipped to optimize budgets, control costs, streamline revenue processes, and provide insightful financial reporting for informed business decisions.